Problem based accounting learning activity for notes and interest payable, sales tax payable, and payroll.

" Topics include productivity effects of health, private and social returns to education, education quality, education policy and market equilibrium, gender discrimination, public finance, decision making within families, firms and contracts, technology, labor and migration, land, and the markets for credit and savings."

Students will be able to:
- Decide when it is best to itemize their deductions and when to take the standard deduction
- Differentiate between employees, contractors, and freelancers, and how that status affects their taxes
- Understand the tax implications of taking on multiple revenue streams
- Choose which types of investment accounts are best for their current and future tax situations

Students will be able to:
- Understand the factors that determine whether or not someone has to file a tax return
- Explain what a dependent is and establish if they can be claimed as a dependent by someone else on their tax return
- Determine whether someone has to file a tax return based on their specific situation

There is lots of flexibility with this unit. Although it may seem small, this unit allows teachers and students explore topics in greater depth in a lecture/small group discussion format, online discussions, or student led lessons. This resources covers career options and how they affect income and standard of living; calculation of take-home pay; practice with simple tax returns; and basic employment forms, i.e. W-4, W-2.

The strength of this unit is the flexibility it provides for teachers and students. The structure of this unit allows for a variety of instructional stategies to be utilized.

What are the two biggest threats facing future generations? The growing Federal debt, and climate change. The national debt will trash the economy, and global warming will trash the planet. But economics offers a solution to BOTH problems: a carbon tax. So why do economists cry themselves to sleep?

Students will be able to:
- Identify what they need to file their tax returns
- Distinguish tax credits from tax deductions and understand how they can lower their overall tax burdens
- Complete a 1040 form to file their tax returns
- Explain how to pay back any taxes they owe or how to maximize a tax refund
- Identify fees and penalties they will incur if they fail to file a tax return or pay back taxes owed

Tnis 4-minute video lesson provides an overview of what the Alternative Minimum Tax is and its purpose. [Core Finance playlist: Lesson 149 of 184]

This 4-minute video lessob sovers the basics of the alternative minimum tax. [Core Finance playlist: Lesson 121 of 184]

This 4-minute video provides the understanding that a marginal tax rate does not apply to all of income. [Core Finance playlist: Lesson 180 of 184]

This 11-minute video lesson provides an overview of the estate tax. [Core Finance playlist: Lesson 155 of 184]

This 3-minute video lesson provides an introduction to futures. [Core Finance playlist: Lesson 89 of 184]

This 10-minute video lesson considers whether limited liability or double taxation is fair. [Core Finance playlist: Lesson 125 of 184]

This 3-minute video lesson explains what a tax deduction is. [Core Finance playlist: Lesson 120 of 184]

Studies basic concepts of financial and managerial accounting. Viewpoint is that of the users of accounting information (especially managers) rather than the preparer (the accountant).

Students will be able to:
- Distinguish between common IRS forms and determine when and how each form is used in the tax cycle
- Explain the purpose of a W-4 and how withholdings impact your paycheck
- Carefully read the details of a W-2 form

In The Law of Corporate Finance and Financial Markets, much of the course focuses on M&A and the law-sensitive aspects of financial services and financial markets. The course is designed to be an introduction to business law which covers the fundamentals, including contracts, liability, regulation, employment, and corporations. 15.617 provides an in-depth treatment of the law of finance.

Lesson plan explores how the U.S. Federal government spends tax monies by using actual U.S. government data

This 10-minute video examines the 2007 collapse of the I-35W bridge in Minneapolis which fell into the Mississippi River during rush hour. Thirteen people were killed. The collapse led to a search for the cause and highlighted the need for bridge inspections and repairs.

An investigation revealed that the bridge had been rated in poor condition for 17 years. The Minnesota Department of Transportation was found to be underfunded, and limited in how many infrastructure projects they could finish in a given year. The collapse highlighted tensions at different levels of government on whether to spend money on new infrastructure projects or to put money into maintenance and repairs.

Estimated Lesson Time: 95 Minutes

Students will be able to:
-Understand how down payment, interest rate, term, loan type, and amortization table work together to impact overall mortgage payments
-Recognize the pros and cons of fixed- and adjustable-rate mortgages
-Determine whether a home equity loan or line of credit is a viable loan option
-Decide whether renting or buying makes the most sense

ANSWER KEY LINKS: Create a Next Gen Personal Finance (NGPF) account to access answer keys. They will be listed under the Full Year Curriculum tab.